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"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Thursday, March 1, 2012

Eurozone: Big banks on dope

Eurozone: Big banks on dopeBBC NewsInvestors and creditors worried that certain eurozone countries with big debts would struggle to repay what they owe. This fear focussed on Greece first, and is still most acute in its case, and spread to Ireland, Portugal, Spain and Italy.

ECB pumps cheap cash into eurozone banksChannel News AsiaThat beats the 489.19 billion euros borrowed by 523 banks in a first operation in December but analysts said the move would merely buy time and not be enough on its own to solve the eurozone'scrippling debt crisis. The ECB launched the ultra-long ...

Eurozone banks rally following LTROFinancial TimesAnalysts had predicted that eurozone banks would borrow roughly €500bn from the ECB, but the number of bidders was larger than expected. “The total number of bidders suggests that a lot small banks participated, which may be seen as encouraging by the ...

Euro-Zone Inflation Fell in JanuaryWall Street JournalThe annual rate of inflation in the euro zone was lower than first estimated in January, although still well above the European Central Bank's target. The European Union's official statistics agency Eurostat Wednesday said consumer prices in the 17 ...

Euro-Zone Banks Flock to LTROWall Street Journal (blog)“The ECB's second three-year loan operation will provide further vital support for the euro-zone'sbeleaguered banking sector. But hopes that the funds will also solve the fiscal crisis and breathe life into the ailing euro-zone economy are likely to ...

Eurozone crisis: live blogFinancial Times (blog)Welcome back to our continuing coverage of the eurozone crisis. By Tom Burgis and Esther Bintliff on the news desk in London with contributions from our correspondents around the world. All times are GMT. Another big day for “Super” Mario Draghi, ...

TEXT-S&P reports on impact of ECB funding on Eurozone banksReutersWe expect significant sectoral restructuring in the peripheral eurozone countries, but note generally greater stability in parts of northern Europe such as the Nordic region. There have been a number of rating actions on the top 50 European banks over ...

Irish vote, German court add euro zone uncertaintyReutersBy Padraic Halpin and Eva Kuehnen | DUBLIN/KARLSRUHE, Germany (Reuters) - A planned referendum in Ireland and a German court ruling cast new uncertainty on Tuesday over efforts to overcome the euro zone's debt crisis, just when a flood of central bank ...

Eurozone Jan. Inflation Revised Down To 5-Month LowNASDAQ(RTTNews.com) - Eurozone's annual inflation for January was revised down, fueling expectations that the European Central Bank may slash interest rates further in the coming months. Final results released by Eurostat on Wednesday showed that inflation ...

Germany's Merkel Urges Euro Zone To Become More CompetitiveWall Street JournalBERLIN (Dow Jones)--Angela Merkel Wednesday urged euro-zone members to become more competitive and take the strongest countries' economies as a role model, highlighting Berlin's tough reform stance ahead of a European Union summit later this week.

Brussels Turns More UpbeatWall Street Journal (blog)The European Commission last week predicted the euro zone would return to recession this quarter. It said the region's economy will contract 0.3% this year* and sharply revised down growth forecasts for Greece, Italy and Spain.

Italy's Monti Signals Euro Crisis AbatingBloomberg“If the approach to firewalls is constructive enough in Europe, I believe we will all be in a better position to face any further contagion effect or any resurgence of the crisis.” Germany's Stance Asked about Germany's issues with increasing the ...Bloomberg

Next Big Financial Crisis Will Be Made in ChinaCNBC.comThe next big global financial crisis will emanate from China. That is not a firm prediction. But few countries have avoided crises after financial liberalization and global integration. Think of the US in the 1930s, Japan and Sweden in the early 1990s, ...CNBC.com

China calls for steps on euro zone crisisChina DailyBEIJING - China on Monday called for steps to address the euro zone debt crisis, high oil prices and volatile capital flows, adding that Group of 20 nations should focus on ensuring a global economic recovery and financial market stability.

ECB's Nowotny says euro zone on path to recovery: reportReutersLONDON (Reuters) - The euro zone may soon witness the "green shoots" of economic revival, Ewald Nowotny, a member of the European Central Bank's governing council, said in a newspaper interview published on Wednesday. Nowotny told the Times there was a ...

ECB's Nowotny says euro zone on path to recovery-reportReutersLONDON Feb 29 (Reuters) - The euro zone may soon witness the "green shoots" of economic revival, Ewald Nowotny, a member of the European Central Bank's governing council, said in a newspaper interview published on Wednesday.

Euro crisis makes UK road to recovery bumpygulfnews.comLondon: Britain's economy faces a bumpy road to recovery littered with risks and the Bank of England will be guided by the evidence when deciding whether to sanction another round of money creation, its top policymakers said yesterday.

Irish referendum likely to decide fate of euro zoneSydney Morning HeraldDUBLIN: The fate of the euro zone is once again in the hands of Irish voters after Ireland's attorney-general recommended that a referendum be held on the EU's latest fiscal compact treaty. The Irish prime minister, Enda Kenny, told parliament that, ...

Calafia Beach Pundit: US equities trounce Eurozone equitiesBy Scott GrannisThe top chart compares the level of the S&P 500 to the level of its Eurozone counterpart, the Euro Stoxx index, while the bottom chart shows the ratio of the two. U.S. equities have massively outperformed Eurozone equities over the past five ...Calafia Beach Pundit

Fuel Fix » Eurozone crisis: Live blogBy FT.com - EnergyAnother big day for Europe, after Dublin announces plans to hold a referendum on the eurozone fiscal pact. Read more from Financial Times · « Previous Post · Next Post » · FT.com - Energy. You can read more energy news from the Financial ...Fuel Fix

XE.com - IATA sees oil price, euro crisis hitting airlinesThe global airline industry faces hurdles from high fuel prices and the euro zone debt crisis, although passenger traffic rose in January from a year earlier and the slide in air freight seems to have tapered off, international air body IATA said on.XE Forex News

Financial Crisis yields Prison ReformBy CFLJDon't Throw Away the Key. Publication: Washington Post. Date: February 20, 2012. Except: IF THERE IS a silver lining to financial crises it is that governments may consider sensible policy changes that were once politically off-limits. Such is ...Center For Law and Justice

The euro crisis: This is a problem | The EconomistOn a day when Mario Draghi is supposedly shoving a meltdown ever farther from the realm of possibility, markets are souring on Portuguese debt in a big way. Perhaps the long-term refinancing operations aren't a cure-all after all. Given the ...Free exchange

Euro-Zone News Could Result in Yen VolatilityBy forexyardThe Japanese yen saw slight gains against the US dollar during European trading yesterday, as investor concerns regarding the pace of global economic growth led to some risk aversion in...PalFX - Information Services